Ameriprise Financial Inc. boosted its stake in Randgold Resources Limited (NASDAQ:GOLD) by 8.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,674 shares of the company’s stock after purchasing an additional 424 shares during the quarter. Ameriprise Financial Inc.’s holdings in Randgold Resources Limited were worth $502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smith Affiliated Capital Corp. raised its stake in Randgold Resources Limited by 4.0% in the second quarter. Smith Affiliated Capital Corp. now owns 1,310 shares of the company’s stock valued at $116,000 after purchasing an additional 50 shares in the last quarter. Creative Planning raised its stake in Randgold Resources Limited by 41.3% in the second quarter. Creative Planning now owns 1,540 shares of the company’s stock valued at $136,000 after purchasing an additional 450 shares in the last quarter. Twin Tree Management LP purchased a new stake in Randgold Resources Limited in the second quarter valued at approximately $160,000. Pennsylvania Trust Co purchased a new stake in Randgold Resources Limited in the second quarter valued at approximately $212,000. Finally, Sei Investments Co. raised its stake in Randgold Resources Limited by 76.4% in the second quarter. Sei Investments Co. now owns 2,489 shares of the company’s stock valued at $220,000 after purchasing an additional 1,078 shares in the last quarter. 35.66% of the stock is currently owned by institutional investors and hedge funds.

GOLD has been the topic of a number of recent analyst reports. Investec raised shares of Randgold Resources Limited from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Randgold Resources Limited from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research report on Wednesday, September 20th. BidaskClub upgraded shares of Randgold Resources Limited from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, UBS AG cut shares of Randgold Resources Limited from a “buy” rating to a “neutral” rating in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. Randgold Resources Limited has a consensus rating of “Hold” and a consensus target price of C$84.90.

COPYRIGHT VIOLATION WARNING: “Randgold Resources Limited (GOLD) Position Raised by Ameriprise Financial Inc.” was originally posted by Daily Political and is the property of of Daily Political. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/11/13/randgold-resources-limited-gold-position-raised-by-ameriprise-financial-inc.html.

Randgold Resources Limited (NASDAQ:GOLD) opened at C$90.55 on Monday. Randgold Resources Limited has a fifty-two week low of C$67.54 and a fifty-two week high of C$108.29. The stock has a market cap of $8,517.92, a P/E ratio of 30.69 and a beta of -0.07.

About Randgold Resources Limited

Randgold Resources Limited is engaged in gold mining, exploration and related activities. The Company’s activities are focused on West and Central Africa. The Company operates through the gold mining segment. The Company operates various mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company is exploring in African countries, such as Mali, Senegal, Cote d’Ivoire and the Democratic Republic of Congo (DRC).

Institutional Ownership by Quarter for Randgold Resources Limited (NASDAQ:GOLD)

Receive News & Ratings for Randgold Resources Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Randgold Resources Limited and related companies with MarketBeat.com's FREE daily email newsletter.